Wirecard NZ accounts caught up in German fintech collapse

Tue, 30 Jun 2020

New Zealand accounts of Wirecard, the German digital payment processor at the centre of a multi-billion dollar global collapse, are implicated in a whistleblower’s allegations relating to accounting frauds that are expected to come to light soon in a Singapore court case.The whistleblower claims the accounts were doctored at Wirecard’s Singapore-based Asia-Pacific headquarters after they left New Zealand.Munich-based Wirecard AG crashed spectacularly last month and its chief executive, Markus Braun, was arrested after auditors EY fo...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

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